Foreign
One of Asia’s richest tech entrepreneurs promises to create 50.000 new jobs in the united STATES and invest 50 billion dollars. Apple’s taiwanskeide hoffleverandør is probably on the team.
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The last ten years, over five million industriarbeidsplasser disappeared from the united STATES. America’s newly elected president Donald Trump has put the blame on Japan, China, Mexico for this. But most jobs have vanished to automation and robots.
50 billion. dollars – 50000 jobs
Masayoshi Son has in the last 35 years built up one of Japan’s largest privatformuer through the company Softbank. He started to import u.s. software to Japan at the beginning of the 1980s. Ten years later, he was among the first and largest investors in the us internettsektoren.
At the turn of the century, he had a net worth of over 70 billion dollars from investments in internet and technology stocks. It mostly disappeared when the bubble burst in the year 2000. He made parts of what he was left with the new technology companies, including chinese Alibaba.
the Story is back on over 15 billion dollars. He has faith in the USA during Donald Trump as president.
– We will invest 50 billion dollars in the united STATES and to create 50000 new jobs, said the Son, after having met with Donald Trump on Tuesday.
It was the Son who took the initiative to the meeting with Trump, who in a Twitter message said that the Son had told him that he “would never have done this if Trump had not won the election”.
There are currently few details from Sons investment plans, but the money will come from a newly established teknologifond that Softbank has established together with a saudiarabisk investment funds. They have available around 100 billion dollars and there are plans to increase capital.
American models of the Iphone?
The japanese entrepreneur showed off documents to journalists in the lobby of the Trump Tower after the meeting where the logo of the taiwanese company Foxconn was visible. Foxconn has been Apple’s main partner since the end of the 1990s.
the Company has over 1.3 million employees – most by factories in China. Foxconn manufactures including Iphone for Apple. The company has also secured control of the japanese forbrukerteknologiselskapet Sharp, which produces displays and components.
” We expect it will be easier to do business in the united STATES under the Trump and dereguleringer, said the Son.
Through the company Softbank controls among other things, he the american mobile operator Sprint. He has previously tried to merge Sprint with rival T-Mobile US, but have been stopped by the u.s. government.
Softbank bought in the summer the british company ARM Holdings for 260 billion. Over 95 per cent of the world’s smartphones and tablets uses computer chips developed ARM Holding. Apple was the first company to place large orders.
Apple and other american enterprises that have all the production in Asia is under pressure from Trump about to move some production back to the united STATES.
I think that a part of the production can come back to the united STATES, first and foremost, because that Trump will force Apple to do it. There have been reports that Foxconn is considering to build factories in the united STATES. It will be positive, ” says teknologianalytiker Colin Gillis with BGC Partners to CNBC.
“Unique instincts”
the Son had a unique ability to identify new trends very early. He got a deal with Microsoft to distribute software in Japan already in 1981 – in the PC’s childhood. He was the largest shareholder of Yahoo in the 1990s.
the Investment of 20 million dollars in the chinese internettselskapet Alibaba in the year 2000 has proven to be one of the most lucrative investments in the history of any investor have made.
– All the Son does is based on instinct. It is a geniinstinkt and is not based on logic, ” says professor Satoshi Shima at Tama University to the New York Times.
He has a temperament that is very rare to find in Japan where he does not go off the road to confront the competitors and politicians. Three years ago he had to come up with an excuse after he quarreled and were loudly in a meeting with government officials.
I’m sorry. I thought I had grown up, but I have apparently not, said the then-56-year-old Softbank-founder.
Investors have a sense of the meeting with Trump and what this means for the japanese company’s opportunities in the united STATES. The share price of Softbank have risen by 3.6 per cent at the Tokyo stock exchange on Wednesday. For the whole year the price has risen by 17.4 per cent.
Markets
There is a general increase at the asian stock markets on Wednesday morning. The Nikkei 225 index at the Tokyo stock exchange is approaching a new årsbeste.
Australia had a negative economic activity in the third quarter – for the first time since 2011. Gdp fell by 0.5 per cent compared with the preceding quarter. This is the largest decline since the financial crisis hit in the fourth quarter of 2008. Australia has not experienced a recession, defined as two quarters of a decline in the economic activity, since 1991.
Ukesrapporten from the American Petroleum Institution (API) shows that the american oljelagrene fell by 2.2 million barrels in the previous week. It was expected a decrease of 1.4 million barrels.
the oil price has fallen by 0.6 percent in asian trade.
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